balance of trade Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “balance of trade” in the English Dictionary

"balance of trade" in Business English

See all translations

balance of tradenoun [singular]

uk   us   (also trade balance, also visible balance)
ECONOMICS the difference between the ​money that a country receives from ​exports and the ​money it ​spends on ​imports: Official ​figures yesterday showed the ​balance of ​trade in ​goodsplunged to a ​recorddeficit. balance of ​tradedeficit/​surplus adverse/favourable ​balance of ​trade
(Definition of balance of trade from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of balance of trade?
Add Cambridge dictionaries to your browser to your website
Word of the Day

parade

a large number of people walking or in vehicles, all going in the same direction, usually as part of a public celebration of something

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More